United States Fidelity & Guaranty Co. v. State Ex Rel. Shull

This is a suit to collect upon a bond issued by the United States Fidelity & Guaranty Company, defendant, in favor of the Tale State Bank, wherein defendant agreed to reimburse the Yale State Bank for pecuniary loss sustained by said bank as a result of embezzlement or larceny of funds of said -bank by D. L. Martin, president of said bank.

The parties will be referred to as they appeared in the lower court.

The record discloses that the Yale State Bank fai’ed to open its doors for business on August 14, 1922, and that the Bank Commissioner of the state of Oklahoma took charge of the affairs of…